KLCI Stock - PBBANK / 1295 - 2012 Quarter 1

PUBLIC BANK BERHAD



Company Description

The Group's principal activity is providing products and services to individual customer and small- and medium - sized enterprises such as credit facilities, credit cards, remittance services, deposits collection and investment products. Other activities are trading treasury related products and services, providing fund management, providing financial solution and direct lending and lending corporate funds. Operations are carried out in Malaysia, Hong Kong SAR, Sri Lanka, Socialist Republic of Vietnam, Cambodia and the People's Democratic Republic of Laos.

Company Info

Listing Date	1967-04-06
Market Capital (Capital Size)	34,118,403,559 (Very Large)
Par Value	RM 1.00
Board	Main
Sector	Finance
Major Industry	Banking
Sub Industry	Other Financial Services
Website	http://www.publicbank.com.my

My Analysis

Forecast P/E now	(13.8-0.48)/1.1213 = 11.88 (Moderate)
Target Price	14.58+0.48 = 15.06 (PE 13.0, EPS 1.1213, DPS 0.48)
Decision	BUY if MACD bullish trend with stock price strong sustain above SMA20 and uptrend follow Bolinger upper band
Comment	Revenue increased 1.6% and was continuous increasing since FY09Q2 (higher than preceding year corresponding quarter 12.8%) and also is highest all the time, eps increased 7.3% and also higher than preceding year corresponding quarter 6.4%, no cash generated from operating after deducted assets increased expenses and cash generated from others activities also not enough hence spent 12.2% of Group cash to cover, operating margin maintaining very high, primary profit contribution segment - Retails still achieved rapid growth
First Support Price	13.6
Second Support Price	12.8
Risk Rating	LOW

Research House

MIDF Target Price	13.3 (2012-01-31)
Kenanga Target Price	15.5 (2012-03-28)
RHB Target Price	16.07 (2012-04-02)
CIMB Target Price	15.6 (2012-04-19)
ECM Target Price	13 (2012-04-19)
HLG Target Price	14.09 (2012-04-19)
HwangDBS Target Price	15 (2012-04-19)
Maybank Target Price	15.4 (2012-04-19)
OSK Target Price	14.4 (2012-04-19)
AMMB Target Price	16.7 (2012-06-14)

Accounting Ratio

Return on Equity	25.14%
Dividend Yield	3.48%
Gross Profit Margin	0.00%
Operating Profit Margin	36.90%
Net Profit Margin	36.92%
Tax Rate	23.83%
Asset Turnover	0.0516
Net Asset Value Per Share	4.48
Net Tangible Asset per share	3.93
Price/Net Tangible Asset Per Share	3.51
Cash Per Share	6.36
Liquidity Current Ratio	1.1058
Liquidity Quick Ratio	0.9027
Liquidity Cash Ratio	0.0981
Gearing Debt to Equity Ratio	15.2028
Gearing Debt to Asset Ratio	0.9358
Working capital per thousand Ringgit sale	183.0%
Days to sell the inventory	2010
Days to collect the receivables	5007
Days to pay the payables	9692

Technical Analysis

SMA 20	13.723 (Uptrend 10 days)
SMA 50	13.704 (Uptrend)
SMA 100	13.69 (Uptrend)
SMA 200	13.084 (Uptrend)
MACD (26d/12d)	0.027056 ( 0.002858 )
Signal (9)	0.016102 ( 0.002739 )
MACD Histogram	0.010954 (Bullish trend 20 days)
Bolinger Upper Band	13.847
Bolinger Lower Band	13.599

My notes based on 2012 quarter 1 report (number in '000):-
- Higher pbt mainly due to higher net interest and finance income, higher net fee and commission income and impairment allowance on loans had shown a drop of RM35.0 million (53.8%) mainly due to lower collective and individual impairment allowance resulting from improved asset quality offset by higher other operating expenses which was mainly due to the increase in personnel and establishment costs resulting from higher business volume

- The growth in net interest income and finance income was driven by continued strong loans and customer deposits growth coupled with sustained strong asset quality mainly arising from property financing, financing of passenger vehicles and lending to small- and medium-sized enterprises

- Estimate next 4Q eps after 2012 Q1 result announced = 16362715*0.24/3502125 = 1.1213, estimate PE on current price 13.8 = 11.88(DPS 0.48)
- Estimate next 4Q eps after 2011 Q4 result announced = 15560706*0.224/3502125 = 0.9953, estimate highest/lowest PE = 13.62/13.08 (DPS 0.48)
- Estimate next 4Q eps after 2011 Q3 result announced = 0.2566*4*1.05 = 1.0777, estimate highest/lowest PE = 12.09/10.92 (DPS 0.53)
- Estimate next 4Q eps after 2011 Q2 result announced = 0.2514*4 = 1.0056, estimate highest/lowest PE = 12.93/11.12 (DPS 0.5)
- Estimate next 4Q eps after 2011 Q1 result announced = 0.2363*4*1.05 = 0.9925, estimate highest/lowest PE = 12.98/12.49 (DPS 0.58)
- Estimate next 4Q eps after 2010 Q4 result announced = 0.2416*4 = 0.9664, estimate highest/lowest PE = 13.41/12.69 (DPS 0.58)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.2235*4 = 0.894, estimate highest/lowest PE = 14.65/13.42 (DPS 0.5)
- Estimate next 4Q eps after 2010 Q2 result announced = 0.2096*4 = 0.8384, estimate highest/lowest PE = 14.69/13.62 (DPS 0.5)
- Estimate next 4Q eps after 2010 Q1 result announced = 0.197*4 = 0.788, estimate highest/lowest PE = 14.87/13.59 (DPS 0.55)
- Estimate next 4Q eps after 2009 Q4 result announced = 0.1965*4 = 0.786, estimate highest/lowest PE = 14.64/13.22 (DPS 0.55)
- Estimate next 4Q eps after 2009 Q3 result announced = 0.1852*4 = 0.7408, estimate highest/lowest PE = 15.65/13.59 (DPS 0.55)
- Estimate next 4Q eps after 2009 Q2 result announced = 0.177*4 = 0.708, estimate highest/lowest PE = 14.34/13.12 (DPS 0.55)
- Estimate next 4Q eps after 2009 Q1 result announced = 0.1744*4 = 0.6976, estimate highest/lowest PE = 14.19/11.11 (DPS 0.5)
- Estimate next 4Q eps after 2008 Q4 result announced = 0.1949*4 = 0.7796, estimate highest/lowest PE = 11.22/8.34 (DPS 0.5)

PBBANK latest news (English)

PBBANK latest news (Chinese)



Financial Quarter Summary

a_date	year	qrt	h_price	l_price	div	roe	c_roe	rev	c_rev	pbt	c_pbt	prof	c_prof	eps	c_eps	asset	liab	mino	equi	cfo	cfi	cff	cash	fcf	net	final	share	c_share	m_cap	date	gros_m	oper_m	prof_m	vat	asset_t	pe	navps	ntaps	p/ntaps	cps	l_cur	l_qui	l_cash	g_de	g_da	avg_w	inv_d	rec_d	pay_d
2012-04-18	2012	1	N/A	N/A	-	5.73%	5.73%	3373450	3373450	1245571	1245571	940812	940812	0.2686	0.2686	254749870	238387155	682188	16362715	762614	237498	1009698	16439959	1000112	2009810	14430149	3502125	3502125	48259282	2012-03-31	-	36.90%	36.92%	23.83%	0.0516	-	4.48	3.93	3.51	6.36	1.1058	0.9027	0.0981	15.2028	0.9358	183.0%	2010	5007	9692
2012-01-30	2011	4	14.04	13.5	0.28	6.41%	25.46%	3321633	12756360	1163267	4610633	876987	3483810	0.2504	0.9948	250559473	234139503	697484	16419970	15655681	1321592	1337003	32210949	16977273	15640270	16570679	3502125	3502132	47348730	2011-12-31	-	35.12%	35.02%	23.83%	0.0509	13.5911	4.49	3.93	3.44	6.92	1.1087	0.9099	0.1088	14.892	0.9345	189.8%	2002	5035	9879
2011-10-18	2011	3	13.56	12.3	-	6.57%	19.05%	3272466	9434727	1186932	3447366	898794	2606823	0.2566	0.7444	240358642	225692168	703029	14666474	18985770	1254926	1354016	32223070	20240696	18886680	13336390	3502128	3502134	43706557	2011-09-30	-	36.23%	36.27%	23.51%	0.0516	-	3.99	3.43	3.64	5.52	1.1054	0.8968	0.0903	16.1631	0.939	182.1%	2101	4999	9889
2011-07-25	2011	2	13.5	11.68	0.2	6.43%	12.48%	3170654	6162261	1162548	2260434	880355	1708029	0.2514	0.4877	235354234	220875918	656634	14478316	11198448	4810989	990854	31999242	6387459	7378313	24620929	3502135	3502137	46788523	2011-06-30	-	36.61%	36.67%	23.32%	0.051	-	3.95	3.4	3.93	8.42	1.0873	0.9233	0.1386	15.9804	0.9385	154.7%	1698	4997	10150
2011-04-18	2011	1	13.46	12.98	-	6.46%	6.46%	2991607	2991607	1173008	1173008	884001	884001	0.2524	0.2524	229135606	215539722	651487	13595884	8322036	705956	979906	32006552	7616080	8595986	23410566	3502139	3502139	45737935	2011-03-31	-	39.10%	39.21%	23.70%	0.0503	-	3.7	3.15	4.15	7.28	1.085	0.9013	0.1229	16.6512	0.9407	153.2%	1934	5038	10321
2011-01-25	2010	4	13.54	12.84	0.33	7.22%	26.02%	2971194	11035597	1130264	4086197	846188	3048224	0.2416	0.8718	226328976	212643888	652188	13685088	5614854	4209740	1083223	42990386	9824594	10907817	32082569	3502145	3496316	46718614	2010-12-31	-	37.89%	38.04%	23.90%	0.0488	15.301	3.73	3.18	4.19	10.37	1.0874	0.9417	0.1775	16.3159	0.9395	162.0%	1563	5093	10533
2010-10-18	2010	3	13.6	12.5	-	6.68%	18.80%	2877383	8064403	1051377	2955933	782702	2202036	0.2235	0.6302	220576705	207726513	659323	12850192	6215350	3662988	1092500	42877450	9878338	10970838	31906612	3502148	3494351	44057021	2010-09-30	-	36.44%	36.54%	24.45%	0.0479	-	3.49	2.93	4.29	9.74	1.0862	0.9319	0.1709	17.0395	0.9417	162.8%	1672	5159	10650
2010-07-20	2010	2	12.82	11.92	0.25	6.27%	12.12%	2679261	5187020	981981	1904556	734079	1419334	0.2096	0.4066	219027692	206316904	677270	12710788	8285035	3961724	681203	43135792	12246759	12927962	30207830	3502155	3490388	42726291	2010-06-30	-	36.56%	36.65%	23.93%	0.0462	-	3.45	2.88	4.24	9.3	1.0843	0.9093	0.1643	17.1452	0.942	165.1%	1957	5238	10980
2010-04-15	2010	1	12.24	11.26	-	5.85%	5.85%	2507759	2507759	922575	922575	685255	685255	0.1970	0.1970	219035791	207028429	678328	12007362	2283131	959650	670178	43195503	1323481	653303	43848806	3478490	3478490	41881019	2010-03-31	-	36.68%	36.79%	24.38%	0.0447	-	3.26	2.68	4.49	13.09	1.0804	0.944	0.2288	18.2741	0.9452	163.4%	1571	5223	11337
2010-01-20	2009	4	12.06	10.94	0.25	6.63%	24.61%	2495452	9715568	900215	3321433	678231	2517302	0.1965	0.7332	217136154	205420830	692118	11715324	11814032	4567864	295182	36529466	7246168	6950986	43480452	3451449	3433336	41693503	2009-12-31	-	35.91%	36.07%	23.53%	0.0447	16.4759	3.21	2.61	4.63	13.82	1.0793	0.9377	0.2416	18.6353	0.946	161.1%	1592	5084	11076
2009-10-15	2009	3	12.14	10.62	-	6.25%	17.98%	2438035	7220116	856508	2421218	639045	1839071	0.1852	0.5366	209043482	198037418	708221	11006064	10701065	4141212	1631689	36603843	6559853	4928164	41532007	3451450	3427232	36654399	2009-09-30	-	34.98%	35.13%	24.41%	0.0468	-	3.0	2.4	4.42	12.86	1.0714	0.9292	0.2321	19.231	0.9474	139.7%	1515	4905	10501
2009-07-20	2009	2	10.7	9.84	0.3	5.97%	11.73%	2350620	4782081	819782	1564710	610741	1200026	0.1770	0.3514	204038003	193004434	709697	11033569	6001130	1910240	438288	36687379	4090890	4529178	41216557	3451454	3414922	35549976	2009-06-30	-	34.78%	34.88%	24.38%	0.0497	-	3.02	2.41	4.27	12.41	1.0809	0.9312	0.2315	18.695	0.9459	147.6%	1452	4586	9541
2009-04-14	2009	1	10.4	8.25	-	5.76%	5.76%	2431461	2431461	744928	744928	589285	589285	0.1744	0.1744	199226617	188882707	735320	10343910	4242963	1240816	582911	36919350	3002147	3585058	33334292	3377984	3377984	28543964	2009-03-31	-	30.54%	30.64%	20.02%	0.0517	-	2.84	2.21	3.82	10.33	1.0746	0.8823	0.1922	19.6577	0.9481	131.5%	1781	4375	9136
2009-01-20	2008	4	9.25	7.0	0.25	6.55%	25.87%	2557557	10500307	812943	3379188	653975	2581237	0.1949	0.7692	196163107	185934374	692026	10228733	7512695	6552585	95093	35732010	960110	865017	36597027	3355629	3355636	29193972	2008-12-31	-	31.72%	31.79%	19.23%	0.0535	11.3101	2.84	2.22	3.92	12.27	1.0746	0.9045	0.2303	19.4967	0.9479	127.0%	1556	4115	9003
2008-10-14	2008	3	9.05	7.85	-	6.18%	19.31%	2791159	7942750	804047	2566245	616340	1927262	0.1837	0.5743	190729788	180841894	705944	9887894	723637	7341538	48624	35691657	8065175	8113799	27577858	3355633	3355638	30368478	2008-09-30	-	28.71%	28.81%	21.95%	0.0551	-	2.74	2.12	4.27	9.44	1.0734	0.8568	0.1819	19.6954	0.9482	121.6%	1928	4023	8761
2008-07-17	2008	2	10.5	8.3	0.3	5.95%	13.14%	2515579	5151591	791566	1762198	593535	1310922	0.1769	0.3907	185236362	175208333	658629	10028029	142591	578590	322645	35505772	721181	1043826	36549598	3355639	3355641	34563081	2008-06-30	-	31.27%	31.47%	23.31%	0.0547	-	2.79	2.2	4.68	12.25	1.0736	0.9111	0.2431	18.7001	0.9459	122.8%	1477	4004	8933
2008-04-14	2008	1	12.0	9.95	-	7.19%	7.19%	2636012	2636012	970632	970632	717387	717387	0.2138	0.2138	178099097	168712161	629239	9386936	594599	261121	1186944	35437700	855720	331224	35106476	3355642	3355642	36576497	2008-03-31	-	36.70%	36.82%	24.64%	0.0564	-	2.61	2.02	5.4	11.88	1.0647	0.8912	0.2431	19.2644	0.9473	105.6%	1537	3808	8695
2008-01-21	2007	4	11.8	9.35	0.5	6.00%	21.98%	2573079	9557599	821201	3003638	579960	2123915	0.1729	0.6291	174155187	164176764	636249	9978423	14093778	776521	2044475	24276006	13317257	11272782	35548788	3353519	3376239	36888709	2007-12-31	-	31.86%	31.92%	25.98%	0.0549	17.4859	2.77	2.17	5.07	12.11	1.0697	0.8895	0.2546	17.5737	0.9427	116.3%	1599	3793	8723
2007-10-16	2007	3	11.3	10.2	-	5.63%	15.98%	2414474	6984520	774424	2182437	543627	1543955	0.1618	0.4570	165618321	156162723	656466	9455598	10014960	987631	2027513	24331183	9027329	6999816	31330999	3359665	3378373	33428666	2007-09-30	-	32.01%	32.07%	27.31%	0.0554	-	2.6	2.0	4.97	10.56	1.0706	0.8712	0.2344	17.7475	0.9429	116.5%	1736	3761	8553
2007-07-17	2007	2	N/A	N/A	0.25	5.42%	10.35%	2423826	4570046	732745	1408013	524110	1000328	0.1558	0.2974	161910786	152219654	636920	9691132	985906	485758	1252602	24342827	1471664	219062	24561889	3364634	3363928	32973413	2007-06-30	-	30.18%	30.23%	26.31%	0.0546	-	2.69	2.08	4.71	9.06	1.0735	0.831	0.2068	16.812	0.9401	122.5%	2109	3710	8498
2007-04-16	2007	1	N/A	N/A	-	4.93%	4.93%	2146220	2146220	675268	675268	476218	476218	0.1414	0.1414	157311885	148110835	627326	9201050	1036853	394625	1164299	24344571	1431478	267179	24611750	3367588	3367588	29803153	2007-03-31	-	31.41%	31.46%	27.28%	0.0521	-	2.55	1.93	4.59	9.15	1.073	0.8318	0.2152	17.275	0.9415	127.6%	2230	3852	9053
2007-01-22	2006	4	N/A	N/A	0.4	N/A	N/A	2184839	7710224	649248	2416361	445063	1726688	0.1328	0.5160	147789543	138127234	628310	9662309	4505421	49624	1495323	18330262	4555045	6050368	24380630	3350985	3346125	25970133	2006-12-31	-	29.66%	29.72%	28.94%	0.0523	15.0186	2.7	2.07	3.74	9.36	1.084	0.8685	0.2359	15.2897	0.9346	144.4%	1964	3906	8952
2006-10-17	2006	3	N/A	N/A	-	N/A	N/A	2092549	5525385	606316	1767113	436315	1281625	0.1299	0.3794	140931791	131834398	664747	9097393	5943416	669056	137172	18346578	5274360	5411532	23758110	3359665	3378373	23013705	2006-09-30	-	28.91%	28.97%	25.79%	0.0394	-	2.5	1.88	3.64	8.72	1.0749	0.8646	0.2294	15.6338	0.9354	172.3%	2587	5267	12072
2006-07-20	2006	2	N/A	N/A	0.2	N/A	N/A	1770919	3432836	615028	1160797	456902	845310	0.1377	0.2547	134589197	125525256	681815	9063941	15128179	4905902	252987	18346196	10222277	10475264	28821460	3317064	3318476	21063356	2006-06-30	-	34.66%	34.73%	22.50%	N/A	-	2.53	1.92	3.31	10.22	1.0742	0.9192	0.2779	14.9753	0.9327	N/A	-	N/A	N/A
2006-04-18	2006	1	N/A	N/A	-	N/A	N/A	1687285	1687285	545769	545769	388408	388408	0.1170	0.1170	118650752	110093176	445567	8557576	5429161	191293	747014	18347541	5620454	4873440	23220981	3319846	3319846	21744991	2006-03-31	-	32.29%	32.35%	25.38%	N/A	-	2.44	2.21	2.96	8.47	1.0845	0.9209	0.2617	13.5716	0.9279	N/A	-	N/A	N/A

Financial Quarter Balance Sheet

year	qrt	Deferred tax assets (A-0)	Intangible assets (A-0)	Investment in associated companies (A-0)	Investment properties (A-0)	Property, plant and equipment (A-0)	Cash and cash equivalents (A-1)	Derivative financial assets (A-1)	Financial assets held-for-trading (A-1)	Financial investments available-for-sale (A-1)	Financial investments held-to-maturity (A-1)	Loans, advances & financing (A-1)	Other assets (A-1)	Reverse repurchase agreements (A-1)	Statutory deposits with Bank Negara Malaysia (A-1)	Debt securities issued and other borrowed funds (L-0)	Deferred tax liabilities (L-0)	Bills payables (L-1)	Deposits & placements of banks & other financial institutions (L-1)	Deposits from customers (L-1)	Derivative financial liabilities (L-1)	Obligations on securities sold under repurchase agreements (L-1)	Other liabilities (L-1)	Provision for taxation (L-1)	Recourse obligations on loans sold to Cagamas Berhad (L-1)	Minority interest (M-1)
2012	1	58097	1927873	153063	64321	1308745	16317212	355591	13970493	17944973	6670138	180235721	2208525	7574909	5960209	11134777	58235	2755258	12382243	207117343	267504	-	3789649	870861	11285	682188
2011	4	46093	1965476	155997	70754	1341940	18633783	493852	10656825	16719433	7629233	175952777	2008254	9287255	5597801	11317833	55625	2095335	15806732	200370525	236724	-	3467535	777405	11789	697484
2011	3	28674	1967281	169730	68832	1253390	14246436	776136	11437388	15866658	8467460	169918813	2138350	8923500	5095994	11357028	53420	2402288	13913312	193687689	342208	-	3653169	269638	13416	703029
2011	2	546675	1908309	161688	64783	1251697	25785514	325193	8306425	11048481	7256743	164427127	2257502	8303644	3710453	8032311	7665	1788798	18360067	188296840	271917	-	3302755	801610	13955	656634
2011	1	539167	1910113	159979	64175	1255354	23903042	267021	9663102	15899039	6475213	158996622	2317242	6087530	1598007	7971880	9298	2216204	20552814	180405404	304762	-	3251378	813533	14449	651487
2010	4	519215	1930372	118624	65552	1278319	34690439	326622	6360620	17852284	5229617	153982980	1995880	365877	1612575	8094880	8391	2308836	21327476	176872119	375529	-	2839874	800464	16319	652188
2010	3	500700	1935506	114557	63605	1269614	32492306	529399	5680764	17662515	5013405	149255831	2035465	2415810	1607228	8216110	5966	2423372	18529002	174483040	508475	-	2852128	690044	18376	659323
2010	2	499405	1985874	126228	66925	1314550	31088701	412376	8921520	13560492	9266297	145242428	2096343	2951713	1494840	7987062	5902	947602	18822598	174569299	344648	-	2851482	769744	18567	677270
2010	1	490980	1999611	124807	68440	1305936	44016069	371538	6055674	12066981	7727468	140111157	1880952	1292707	1523471	7976464	4494	950609	18878338	175609533	400989	-	2550792	636151	21059	678328
2009	4	506607	2057611	128318	69327	1340779	46663156	310311	7957275	12165777	6620207	135335784	1758578	1200243	1022181	8032345	2000	612730	22614300	170891589	270056	-	2511757	464290	21763	692118
2009	3	503196	2073822	135983	73001	1306066	43076485	431755	7323763	11750758	6621064	131401135	1522033	1502132	1322289	6747648	1950	1565607	3975652	182666158	304719	-	2329505	423385	22794	708221
2009	2	524690	2091164	134243	74010	1320515	41698513	473647	9656282	9344499	6616980	127288098	1635747	2058943	1120672	8066714	2432	1585871	6182177	173780410	297599	-	2551395	507262	30574	709697
2009	1	485041	2137919	136897	69593	1309164	33803864	586480	10238434	6757710	5976142	123412963	1289386	11940016	1083008	7331646	1950	2456677	6868444	168133405	362364	-	2139261	359013	1229947	735320
2008	4	488855	2072018	127802	66012	1303362	38538472	590229	11349843	5626372	8286719	118386295	1548674	5141746	2636708	7162913	1950	3062374	5589879	162279564	495146	-	2422817	382454	4537277	692026
2008	3	381362	2057590	88758	65209	1259283	28437933	197364	7724263	4994887	9941007	115903331	1398846	15051416	3228539	6721734	25700	3195536	7464580	155817763	376103	-	2289638	413517	4537323	705944
2008	2	360527	1993215	51943	61525	1142196	38167191	187435	8228740	4649583	2592657	111225252	1599944	12023726	2952428	6004166	24656	3278988	7039807	152174211	372200	-	2428454	520618	3365233	658629
2008	1	345571	1973364	46053	52530	1117390	37118637	225428	7822277	4664980	3064036	104836014	1201033	12899121	2732663	4737810	21649	3166560	9329283	144500317	249496	-	2570036	446544	3690466	629239
2007	4	321762	2010296	46318	54390	1124370	38232561	112249	8061927	4081321	3872395	99327993	1812188	12723490	2373927	4674155	22202	3452296	10438118	138764571	153186	2279	2347682	365871	3956404	636249
2007	3	307041	2054250	48186	55638	1121990	33247768	103253	5013300	4087476	4107713	94492233	1782310	16966985	2230178	4792487	18133	3279043	10897929	130651728	139204	3668	2294144	424941	3661446	656466
2007	2	327908	2059901	47140	55883	1145275	28268244	95777	14038468	3896737	2772637	89932656	2003894	15047431	2218835	4762132	17449	3236661	9838638	123195717	165312	4061806	2859426	484250	3598263	636920
2007	1	342407	2061479	45938	55398	1139202	28596335	87230	13038341	3888910	2879261	86480827	1736723	14732661	2227173	4879906	17265	2862512	4826276	116599875	124204	12709910	2594714	394430	3101743	627326
2006	4	336776	2091061	45481	64175	1134304	29038047	73056	9107661	3895738	3264818	82787652	1256779	12375287	2318708	5159397	17061	2623644	5637964	111793149	181959	10075829	2043363	333584	261284	628310
2006	3	379312	2064827	46433	56132	1139319	27115552	-	7667183	4072579	3719626	80101645	1009251	11388103	2171829	4132415	21501	2711224	8113273	107493496	-	6672792	2068428	349326	271943	664747
2006	2	363456	2004186	47994	56076	1099508	31432803	-	6207111	3934373	3617128	76780598	1435694	5144890	2465380	3541653	19808	2666279	8283616	100566418	-	7980240	1801683	395896	269663	681815
2006	1	354084	765157	47104	47761	913319	25372036	-	4430674	4002164	2042457	69733423	1093861	7106054	2742658	2650023	3080	2531483	7360702	86343582	-	8691759	1919409	312185	280953	445567

Financial Quarter Income Statement

year	qrt	Revenue	Income tax expense	Other income	Administrative/Operating expenses	Minority interest	Share of profit/ (loss) of associates	Impairment loss	Net income from Islamic banking business	Write back/(Allowances) for losses on loans, advance & financing	Net fee and commission income	Interest income	Interest expense	Net gains and losses on financial instruments
2012	1	3373450	296857	72050	593428	7902	884	521	211665	30013	283950	2482883	1215276	33377
2011	4	3321633	277213	83226	561473	9067	3216	563	211904	154645	271303	2463869	1192751	44487
2011	3	3272466	279035	53574	555753	9103	1213	407	229948	134941	290082	2418322	1160346	44426
2011	2	3170654	271104	72612	552856	11089	1855	23	227305	164287	287231	2320271	1076406	46800
2011	1	2991607	278052	70822	538602	10955	3358	605	199185	65066	270293	2210568	1008596	30441
2010	4	2971194	270169	72569	525812	13907	4585	1229	202724	142831	290677	2200542	998776	27815
2010	3	2877383	257068	427584	547137	11607	2948	1437	194929	202276	-	2123113	946347	-
2010	2	2679261	234962	76900	533763	12940	2519	730	198441	174697	245431	1962379	822958	28459
2010	1	2507759	224921	69839	542735	12399	2634	1792	185194	139762	238423	1827497	748030	31307
2009	4	2495452	211852	41731	510805	10132	4215	10082	206706	177879	220703	1870529	795476	50573
2009	3	2438035	209083	371610	535115	8380	3627	2054	175091	176432	-	1807110	787329	-
2009	2	2350620	199843	367110	515903	9198	2289	1157	164988	180305	-	1763486	780726	-
2009	1	2431461	149115	294251	497133	6528	2296	1786	144806	156354	-	1911926	953078	-
2008	4	2557557	156336	313240	468155	2632	1706	893	165372	150199	-	2117753	1165881	-
2008	3	2791159	176520	269246	460581	11187	2632	1196	140814	106924	-	2141691	1181635	-
2008	2	2515579	184542	313505	411654	13489	4855	17368	128596	147053	-	2022700	1102015	-
2008	1	2636012	239130	557536	450711	14115	3264	13405	123635	144386	-	2007564	1112865	-
2007	4	2573079	213358	389704	458166	27883	1352	6516	127163	103737	-	1962894	1091493	-
2007	3	2414474	211485	361143	422457	19312	1559	517	126223	117334	-	1883510	1057703	-
2007	2	2423826	192783	349416	425541	15852	1255	1140	119361	94392	-	1865411	1081625	-
2007	1	2146220	184226	289203	387544	14824	1214	3986	105477	91699	-	1739989	977386	-
2006	4	2184839	187924	264736	372980	16261	1263	4706	111994	111796	-	1681432	930107	-
2006	3	2092549	156345	245296	354072	13656	1387	30	106658	135351	-	1669693	927325	-
2006	2	1770919	138406	258690	346285	19720	1244	143	108466	121844	-	1494650	779750	-
2006	1	1687285	138525	230015	350623	18836	994	53	100908	97054	-	1298842	637366	-

Financial Quarter Segments Revenue

year	qrt	Others	Retails	Others Countries	Investment Banking	Hire Purchase	Corporate Lending	Treasury & Capital Market	Fund Management	Head Office
2012	1	1166	1639528	247234	46619	555124	225168	367517	210417	80677
2011	4	1194	1589648	253599	47398	551145	223632	385157	199413	70447
2011	3	1143	1567199	252118	47071	542200	213849	362376	222617	63893
2011	2	1114	1463461	243886	43334	535001	214363	340297	236818	92380
2011	1	8116	1383548	244577	53494	522032	187574	334859	208506	55828
2010	4	1215	1381174	252993	54120	504921	194362	299682	156306	126421
2010	3	1254	1401203	257615	46678	485038	192469	357530	142882	7286
2010	2	1260	1168138	256486	48555	465704	164886	306082	138606	129544
2010	1	1261	1105418	253240	51785	447823	153307	336840	138306	19779
2009	4	1149	1096556	266788	56200	429812	143354	306582	123609	71402
2009	3	1161	1069016	268398	45420	416371	136533	254299	126407	120430
2009	2	1065	1046865	280428	48919	401157	133104	313380	100754	24948
2009	1	1107	1267723	288142	43603	394325	131685	387465	86279	46352
2008	4	1128	1164521	297838	53793	388648	148622	349110	75797	78100
2008	3	3624	1296747	-	48746	393051	176529	744264	97773	30425
2008	2	3118	1258660	-	76020	384234	147033	493911	107290	45313
2008	1	3127	1219811	-	54336	373402	179037	635564	116089	54646
2007	4	6031	1219488	-	78050	365683	132700	606116	143923	21088

Financial Quarter Segments Profit

year	qrt	Others	Retails	Others Countries	Investment Banking	Hire Purchase	Corporate Lending	Treasury & Capital Market	Fund Management	Head Office
2012	1	2997	748927	72757	14398	182711	75582	46725	87688	12902
2011	4	2683	710965	75470	12570	173297	52522	65601	78169	4794
2011	3	2315	690844	73098	13498	147789	94287	56869	82079	24940
2011	2	2674	673970	71074	11253	146893	58019	45803	83925	67082
2011	1	2876	618956	72139	12867	161153	55060	41932	77677	50868
2010	4	2770	679865	94777	13407	175655	63462	30684	74580	9521
2010	3	2755	619616	54493	13200	158965	60014	39988	69365	30033
2010	2	3028	542450	71112	11148	164089	59548	51599	66694	9794
2010	1	3319	452617	78770	12445	166882	61511	55529	63198	25670
2009	4	3753	484761	48935	5783	168172	55292	58440	59908	10956
2009	3	3536	459203	44962	12164	157699	54271	61265	54805	4976
2009	2	3745	430300	70311	14665	171931	49773	57034	47499	27765
2009	1	3183	392723	63523	7829	123886	20014	74001	50626	6847
2008	4	2795	567154	36752	6183	60633	33892	90471	45833	6121
2008	3	2096	650738	-	16394	38570	36693	55714	45283	6685
2008	2	7930	660248	-	23841	58040	29005	30358	47347	10638
2008	1	3664	796629	-	25128	64718	13413	89694	44862	8690
2007	4	18490	560704	-	73529	57182	47564	92420	67811	40158

Short form reference
a_date = announcement date, yr = financial year end, qrt = quarter
h_price = stock highest price during the quarter, l_price = stock lowest price during the quarter
div = dividend recommend or declare in the quarter, roe = return on equity
c_roe = cumulative of return on equity during the financial year
rev = revenue in the current quarter, c_rev = cumulative of revenue during the financial year
pbt = profit before tax in the current quarter, c_pbt = cumulative of profit before tax during the financial year
eps = earnings per share in the current quarter, c_eps = cumulative of earnings per share during the financial year
asset = total asset, liab = total liability, mino = minority interest, equi = total equity
cfo = net cash flow from operating activities, cfi = net cash flow from investing activities
cff = net cash flow from financing activities, cash = cash and cash equivalents as at beginning of financial year
final = cash and cash equivalents as at current financial period ended
share = diluted/basic weighted average number of ordinary shares
c_share = cumulative of diluted/basic weighted average number of ordinary shares during the financial year
m_cap = market capital at announcement date of quarterly report, date = current financial period ended date
prof_m = profit margin, vat = income tax rate, pe = price earning per share ratio of recent four quarter
navps = net asset value per share, ntaps = net tangible asset per share, cps = cash per share
l_cur = liquidity current ratio, l_qui = liquidity quick ratio, l_cash = liquidity cash ratio
g_de = gearing debt to equity ratio, g_da = gearing debt to assets ratio
avg_w = working capital per thousand Ringgit sale
inv_d = days to sell the inventory, rec_d = days to collect the receivables
pay_d = days to pay the payables

CURRENT

---

●CHANGES IN SHAREHOLDING
●ANNUAL REPORTS

HISTORICAL

---

●CHANGES IN SHAREHOLDING

ARCHIVES

---

●CHANGES IN SHAREHOLDING